What is a Louisiana Oversize, Overweight, or Overlength Special Permit Hauling Bond?
Get the information you need about this surety bond right here!
Vehicles that exceed the size, weight, and length that are permitted to enter the State of Louisiana from the port facility on the Mississippi River are required to obtain a surety bond by the Louisiana Department of Transportation and Development.
If you have a vehicle that belongs to this category, read on to learn more about the surety bond specifics and its importance.
A special permit is required for oversize, overweight, and overlength vehicles before traveling the highways of the State of Louisiana. Specific fees will be charged by the Secretary of the Louisiana Department of Transportation for the said permits.
To ensure that the fees will be collected on the 25th of each month from the holder of the special permits, a sufficient surety bond that will cover the amount should be submitted.
The surety bond prerequisite is in line with Section 32.387 of the Louisiana Revised Statutes.
What is the Oversize, Overweight, or Overlength Special Permit Hauling Bond?
The minimum bond amount is $1,000.
Do you have an excellent credit score? You will be eligible to pay a very low bond premium! You can determine what you need to pay right now by GETTING A FREE SURETY BOND QUOTE from us!
How can I get an Oversize, Overweight, or Overlength Special Permit Hauling Bond?
The bond amount may be on a case-by-case basis, but the bonding process will remain the same. We have made it simpler for you! Just follow the steps below!
You will be asked to apply for this bond. If you’re ready to start right now, you may easily APPLY FOR YOUR SURETY BOND HERE!
Once we have received the application, we will immediately process it. One of our expert surety bond agents will guide you through the whole process from the time you applied for the bond. We will make sure that you understand all the conditions before we issue the bond.
An underwriter will then evaluate the following:
- Your financial strength
- Your job/business performance history
- Your credit score
Once the pre-qualification process is fulfilled, we will execute the bond and send it to you!
What are the surety bond conditions?
- The issuance of the surety bond should be done by a state-qualified surety bond company or agent
- The special permit holder should abide by the provisions of Title 32 of the Louisiana Revised Statutes, as well as the rules and regulations of the Louisiana Department of Transportation and all the other relevant rules that govern the special permit holder
- If a violation is committed by the special permit holder, the aggrieved party will be eligible to file a claim on the surety bond
Get your surety bond immediately! APPLY NOW!